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of <h1>Eligibility for GST Composition Scheme Based on Previous Year's Turnover: Key Thresholds Explained.</h1> Under the Central Goods and Services Tax Act, 2017, a registered person can opt for the composition scheme if their aggregate turnover in the previous financial year did not exceed INR 75 lakh or INR 50 lakh, depending on the case. Eligibility is determined annually based on the prior year's turnover. If the turnover was below the threshold, the scheme can be availed in the current year. Conversely, if it exceeded the limit, the scheme cannot be used. Turnover is calculated on an all-India basis, including all taxable and exempt supplies, exports, and inter-State supplies, but excluding GST and cess.
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